Asia Economics Update China’s commodity imports slow Despite further evidence of economic strength, China’s monthly data for October suggested that commodity stockpiling is waning. Lending growth declined more than expected, but credit policy is set to... 11th November 2009 · 1 min read
Global Economics Update Recovery in world trade still looks on track World trade volumes declined in August after strong monthly gains in June and July, but the pull-back looks nothing worse than a pause in an improving trend that near term has further to run. Asian... 26th October 2009 · 1 min read
Japan Economics Update Japanese exports jump despite strong yen Looking beyond the headline year-on-year figures, Japan’s export volumes jumped again in the third quarter. The strength of the yen is not an insurmountable hurdle as long as global demand is... 22nd October 2009 · 1 min read
Asia Economics Update Japanese exports jump despite strong yen Looking beyond the headline year-on-year figures, Japan’s export volumes jumped again in the third quarter. The strength of the yen is not an insurmountable hurdle as long as global demand is... 22nd October 2009 · 1 min read
Europe Economics Update Who will cope best with the strong euro? With global demand recovering pretty strongly, for at least a few quarters, the ongoing rise of the euro is unlikely to halt the external sector revival in its tracks. Nonetheless, we expect exporters... 21st October 2009 · 1 min read
China Economics Update More stimulus from China’s banks and much stronger trade There was no let-up last month in the lending growth that is fuelling China’s stimulus. For now, the Chinese recovery is benefitting the rest of the world through stronger imports. But as commodity... 14th October 2009 · 1 min read
Asia Economics Update More stimulus from China’s banks and much stronger trade There was no let-up last month in the lending growth that is fuelling China’s stimulus. For now, the Chinese recovery is benefitting the rest of the world through stronger imports. But as commodity... 14th October 2009 · 1 min read
UK Economics Update Can the lower pound offset the fiscal squeeze? There are have been suggestions that the adverse impact on the economy of the coming fiscal tightening will be largely or wholly offset by the positive effects of the fall in the sterling exchange... 14th October 2009 · 1 min read
Global Economics Update Recovery in world trade gathering pace World trade is picking up again, confirming that another aspect of the global financial and economic crisis is now behind us. But this adds little to what we already know from the signs of recovery in... 25th September 2009 · 1 min read
Asia Economics Update Japanese exports continue to recover As usual, the headlines today have focused on the continued weakness of Japanese exports in year-onyear terms. But the more revealing monthly profile shows a sixth successive increase. 24th September 2009 · 1 min read
Japan Economics Update Japanese exports continue to recover As usual, the headlines today have focused on the continued weakness of Japanese exports in year-onyear terms. But the more revealing monthly profile shows a sixth successive increase. 24th September 2009 · 1 min read
Global Markets Update Return of the carry trade One explanation for the dollar’s weakness is its increased use as a funding currency. The 3-month interest rate differential between the US and a weighted average of its major trading partners has... 22nd September 2009 · 1 min read
Nordic & Swiss Economics Update Swedish interest rates on hold for some time to com The decision by the Swedish Riksbank to keep interest rates on hold at 0.25% and signal that rates may remain unchanged for around another year supports our view that markets may have got ahead of... 3rd September 2009 · 1 min read
Global Economics Update Asia leading the pick-up in world trade Today’s CPB release shows global merchandise trade picked up m/m in June, its first meaningful gain since July 2008. But while the data confirm that Asia is leading the rebound in world trade, we... 26th August 2009 · 1 min read
